Page 198 - FY 2020-21 Budget Cover.pub

CITY OF AZLE
CABLE PEG FEE CAPITAL PROJECTS FUND
FY 2020-21

The Cable PEG Fee Capital Projects Fund was established in 2012 to properly account for the receipt of Cable
PEG Fees. Chapter 66 of the Texas Utilities Code provides for funds, over-and-above franchise fees, to support
public, educational, and governmental (PEG) access facilities to assist cities with providing PEG channel
capacity. The funds are collected from an additional one percent of a provider's gross revenues. Permissible
capital expenditures include all facilities and equipment that have a useful life of longer than one year and that
are used for PEG access facilities to provide or enhance the provisioning of PEG channel capacity,
programming, and transmissions for a governmental use.
The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available
and measurable. Expenditures are recorded when the liability is incurred.

Cable PEG Fee Capital Projects Fund Summary

2016-17 2017-18 2018-19 2019-20 2019-20 2020-21 2020-21 2020-21
Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
Beginning Balance 142,336 161,611 180,337 201,006 201,006 218,806 218,806 218,806

Plus: Fund Revenue
PEG Fees 19,220 18,642 20,534 17,000 17,000 17,000 17,000 17,000
Interest 55 83 135 115 800 500 500 500
Total Resources Available 161,611 180,337 201,006 218,121 218,806 236,306 236,306 236,306
Less: Fund Expenditures
- - - - - - - -
Total Fund Expenditures - - - - - - - -

Fund Balance 161,611 180,337 201,006 218,121 218,806 236,306 236,306 236,306

City of Azle 2020-2021 Budget 187